Published on 3/30/2011 in the Prospect News Structured Products Daily.
New Issue: Barclays prices $5.42 million buffered return notes on S&P 500 via UBS
By Susanna Moon
Chicago, March 30 - Barclays Bank plc priced $5.42 million of 0% buffered return optimization securities due March 28, 2013 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10.00 plus 1.25 times any gain in the index, up to a maximum return of 21.85%.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond 10%.
UBS Financial Services Inc. and Barclays Capital Inc. are the underwriters.
Issuer: | Barclays Bank plc
|
Issue: | Buffered return optimization securities
|
Underlying index: | S&P 500 index
|
Amount: | $5,415,210
|
Maturity: | March 28, 2013
|
Coupon: | 0%
|
Price: | Par of $10
|
Payout at maturity: | Par plus 125% of any index gain, capped at 21.85%; exposure to losses beyond 10%
|
Initial level: | 1,310.19
|
Pricing date: | March 28
|
Settlement date: | March 31
|
Underwriters: | UBS Financial Services Inc. and Barclays Capital Inc.
|
Fees: | 2%
|
Cusip: | 06741K205
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.